NEW YORK–(COMMERCIAL THREAD) –BTIG announced today that Seth Bernstein and John Toland have joined the company’s fixed income credit unit as Managing Directors. Sales and Trade Credit Specialists will be based in the Company’s New York office and will report to the Darren Haines, Managing Director and Co-Head of Fixed Income Credit, at BTIG.
At BTIG, Mr. Bernstein will focus on building the firm’s trading capabilities on all credit products, while Mr. Toland will be responsible for expanding credit sales on high yield bonds and mortgage loans. leverage. “Seth and John are terrific additions to our credit platform,” said Mr. Haines. “With their in-depth understanding of the market and their strong customer relationships, we believe they will have an immediate impact on the growth of our business. ”
Mr. Bernstein has held several executive positions in credit negotiation throughout his career. Prior to BTIG, he was Senior Vice President in Fixed Income Credit at HSBC. Previously, Mr. Bernstein was Managing Director in High-Yield Credit at Stern Agee. Earlier in his career, he held similar positions at RBS and Morgan Stanley. Mr. Bernstein holds a BS in Finance from the State University of New York at Binghamton.
Mr. Toland has thirty years of experience in credit sales, where he mainly focused on high yield loans, bonds and leveraged loans. Prior to BTIG, he was Managing Director in leveraged finance distribution at several companies including Mizuho, Nomura, RBS, Bank of America and UBS. Mr. Toland received a Bachelor of Public Administration from Wesleyan University.
“We are delighted to welcome Seth and John to our credit team,” said Anton LeRoy, President of BTIG. “As proven industry professionals with valuable expertise, we are confident that they will complement our existing lending business, strengthen our product offering and provide important market color to clients. ”
BTIG continues to hire seasoned professionals for its credit bureaus in the United States and for its European subsidiary BTIG Limited in London. The company’s global fixed income lending platform focuses on sales, trading, sourcing and strategy for a diverse range of products including bonds, leveraged loans, trade receivables, reorganization. equities, special situations and high yield, distressed, convertible and private securities.
BTIG is a global financial services company specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global presence and more than 600 employees, BTIG, LLC and its subsidiaries operate in 18 cities in the United States, Europe, Asia and Australia. BTIG offers execution, expertise and information on equities, equity derivatives, ETFs and fixed income securities, currencies and commodities (futures, commodities, foreign exchange, interest rates, credit and securities). convertible and privileged). The company’s core capabilities include global execution, portfolio, electronic and outsourced trading, transition management, investment banking, blue chip brokerage, capital introduction, access to business, research and strategy, commission management and more.
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